London, Oct 7, 2026 (AFP) - HSBC 'consults' over UK unit job cuts amid AI adoption

NAMPA / AFP

2026-10-07

HSBC said Wednesday consultations were underway, after the Financial Times reported that hundreds of jobs were at risk from the bank's adoption of artificial intelligence. "We are currently in a consultation period," a spokesperson told AFP after the FT reported HSBC "is planning sweeping job cuts in its UK wealth management business ... as part of a push to use AI to help serve wealthy clients". Citing "people familiar with the plans", the busin......

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